Bank Intrestrate

Timberrod

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Hi,
does anybody know how the intrest rate works for small numbers? there a no shown numbers after the dot. So i may or may have not 2 Coins left from befor the wipe. If i am a dedicated Farmer can i reach eg. 750 Coins? Or are all values below 1 just lost and u need 100 Coins to start collecting ?
 
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You keep fractions of coins; they just aren't shown. So if you have 50 coins in the bank, you will get 0.5 coins each day but you will only see the total change every second day when you've gained a full coin.
 
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You keep fractions of coins; they just aren't shown. So if you have 50 coins in the bank, you will get 0.5 coins each day but you will only see the total change every second day when you've gained a full coin.
Actually it gets mathematicly rounded for the displayed number. So 50.5 coins in the bank will be shown as 51 coins, the next interest collections will show the same number, because one now has 51.01 in the bank.

The Bank is pretty straight forward. You deposit coins and after 24h you can collect 2% interests. So if you put 500 coins into it, you'll get 10 coins per day.
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1. First you have to deposit coins. You need at least 50 coins to make it worthwhile (50 coins = 1 coin per day).
2. Then you have to wait full 24h. Attention: The countdown (re)starts whenever you do one of the transactions of the bank window.
3. After that, it will be show that you can collect the coins, so click on "Collect interest", the coins will be automatically put into the bank.
4. Withdraw coins if needed.

Notes:
  • Every time you deposit, withdraw or collect interests the timer will be reset and the 24h starts anew. So if you want to be efficient, deposit new coins only right after you collected the interests.
  • Interests will NOT accumulate, there will only ever be 24h worth of interests, so collect them every day.
  • If something is displayed wrong, for example if you should be able to collect interests but it isn't showing, reload the page it should work afterwards.
  • Having less than 50 coins will work too, but you'll get decimal numbers as interests. So 25 coins in the bank will get you 0.5 coins interests. They will be displayed as a rounded up number while still being a decimal number. You can test the true deposited worth by trying to withdraw more than there is in the bank. The true amount will be shown then.
  • While you'll get the most out of the bank if you are meticulously about the timing of collecting and depositing, don't worry about this too much. Collecting an hour later is not so bad.
Spoiler is from the link in my signature.
 
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Don't underestimate the power of 1% interest. It may not seem like a lot, but it can compound very quickly. 1000 LC In interest is the equivalent of making two posts a day, which is two less posts that you need to grind out for lurking. Remember it is a marathon, not a sprint.
 
Yep, it's not super useful for member+, but it's pretty much a must for the higher VIP ranks.
 
You keep fractions of coins; they just aren't shown. So if you have 50 coins in the bank, you will get 0.5 coins each day but you will only see the total change every second day when you've gained a full coin.

Oh cool. Thanks.
 
I save my LC in bank after become member
 
What is going on with interest now? More than 24 hours have passed and I can't collect. Someone said interest is going to be applied automatically, but if that's the case why hasn't it yet since I passed 24 hours?
 
What is going on with interest now? More than 24 hours have passed and I can't collect. Someone said interest is going to be applied automatically, but if that's the case why hasn't it yet since I passed 24 hours?
Where did you see anything about auto-application?

I did just note that since my balance is above 2,000 my rate is now 2%. Don't know if this is promotional or permanent, but I'll welcome the increase, even if it's just temporary. I did note that the "next collection" line is gone, so I guess I'll see what happens about 75 minutes from now.
 
Where did you see anything about auto-application?

I did just note that since my balance is above 2,000 my rate is now 2%. Don't know if this is promotional or permanent, but I'll welcome the increase, even if it's just temporary. I did note that the "next collection" line is gone, so I guess I'll see what happens about 75 minutes from now.
Someone said it's automatic now. Just in case write down exact number in your bank and compare it when 75 minutes is up.
I would like to know if it works or not.
 
What is going on with interest now? More than 24 hours have passed and I can't collect. Someone said interest is going to be applied automatically, but if that's the case why hasn't it yet since I passed 24 hours?
Where did you see anything about auto-application?

I did just note that since my balance is above 2,000 my rate is now 2%. Don't know if this is promotional or permanent, but I'll welcome the increase, even if it's just temporary. I did note that the "next collection" line is gone, so I guess I'll see what happens about 75 minutes from now.
Someone said it's automatic now. Just in case write down exact number in your bank and compare it when 75 minutes is up.
I would like to know if it works or not.

The bank is indeed automatic now, no need for collecting interests from now on. So don't pay attention to the time, it doesn't matter now.
The interest are automaticly collectet at midnight in this timezone UTC-8.
If you want to know when this is in your time then use this link. As soon as it reaches 24 the interests are being collected.
https://time.is/UTC-8
Its in 9 hours from now on.

This also means you don't have to pay attention when you deposit or withdraw coins, they will never reset the timer now.
 
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The bank is indeed automatic now, no need for collecting interests from now on. So don't pay attention to the time, it doesn't matter now.
The interest are automaticly collectet at midnight in this timezone UTC-8.
If you want to know when this is in your time then use this link. As soon as it reaches 24 the interests are being collected.
https://time.is/UTC-8
Its in 9 hours from now on.

This also means you don't have to pay attention when you deposit or withdraw coins, they will never reset the timer now.
But that also means my interest calculation went from being for a 24 hour period this time, to about a 32 hour period.

Cheaters. ;) :ROFLMAO:

And I understand perfectly - they had to set a time, so some are likely to get a small benefit while others get a small detriment. It would be too difficult to maintain any other way. Only wish it had been effective as of midnight yesterday. :)
 
But that also means my interest calculation went from being for a 24 hour period this time, to about a 32 hour period.

Cheaters. ;) :ROFLMAO:
Mine got up to 40 hours. o_O
But it will be fine, after this it will be the usuall 24h.
 
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Mine got up to 40 hours. o_O
But it will be fine, after this it will be the usuall 24h.
You got your answer in before my addendum posted - I get it, but I still had to make a snide remark about it: I am a tosser, after all. :ROFLMAO::cool::devilish:
 
When did the interest rate change to 2%.
What is your balance? Mine changed overnight, but my deposit also increased to above 2,000 at the same time. I don't yet know if these are independent things, or if you get bigger interest for bigger deposits - the way real banks sometimes work.
 
What is your balance? Mine changed overnight, but my deposit also increased to above 2,000 at the same time. I don't yet know if these are independent things, or if you get bigger interest for bigger deposits - the way real banks sometimes work.
I am at 3,200 atm. I have been over 2k for about a week. but interest only went to 2% when I checked it this morning. it was still 1% last night.
 
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I am at 3,200 atm. I have been over 2k for about a week. but interest only went to 2% when I checked it this morning. it was still 1% last night.
Kavinsky (the owner) changed it a couple of hours ago.
It doesn't change by itself.

The interests are now 2% and everybody will get their interests automaticly collected in 7 hours, compare it with the time of my post if you read this later.
Depositing and withdrawing won't change the collection time anymore.
 
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